Estate and Succession planning

Estate planning is a legacy you will leave for your loved ones. Estate duties are not only a significant burden on the bereaved, but the administration of your estate is often a complex nightmare for those left behind.

It is not only about the tax bill you may leave behind. Imagine how many countries in which you may have assets, even merely a simple bank account or property, do you realise the delays and stresses involved for those who have to deal with Probate in each of those countries? It can take many months, or even years.

For those with children or perhaps married to someone of a different nationality, there are particular problems to be protected against, as tax exempt spousal transfers may not be available.

Since none of us know when we might die it is something we should organise at the earliest opportunity.
Acuma Hong Kong can assist with the following estate/succession planning:

Help with drawing up and rewriting your will

Structuring to ease Probate complexities

Making full use of exemptions and lower tax rates on lifetime transfers

There are a number of different types of trusts that can be used to help protect your estate and ensure it is passed on to your intended beneficiaries tax-efficiently and without the delays of Probate. Which trust is suitable for your needs will depend on your circumstances. Common reasons for using trusts are:

To bestow gifts and preserve wealth for future generations

To avoid the delay of probate

To maximise tax efficiency

To nominate beneficiaries of a life policy

To find out more about Estate and Succession planning, contact Acuma Hong Kong today!

Acuma Hong Kong Limited does not warrant, either expressly or implied, the accuracy, timeliness, or appropriateness of the information contained on this website. The information contained in this Site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved and your country of residence. Before making any decision or taking any action, you should consult an Acuma representative. Acuma Hong Kong disclaims any responsibility for content errors, omissions, or infringing material and disclaims any responsibility associated with relying on the information provided on this website. No contractual terms are binding on the Company unless signed by a Director of the Company.
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